Express Catering in the Green for First Half of the Year

• For the six-months ended November 2019, Express Catering reported a 7.9% (or US1.42Mn) increase in its bottom line to US$1.53Mn (EPS: US$0.094).
• This favourable movement was primarily driven by an 8.8% (US$634.14K) improvement in revenues. Additionally, the company reduced finance costs 5.8% (US$9.77K).
• The stock has declined 8.9% since the start of the year, and closed trading at $6.06 on Wednesday. At this price Express currently trades at a P/E of 19.5x earnings which is below the Junior Market average of 24.5x.

(Express Catering Financials)